Categories Analysis, Other Industries
Earnings Summary: A snapshot of Johnson Controls (JCI) Q4 2023 results
Johnson Controls International plc (NYSE: JCI), a provider of sustainable building solutions, announced results for the fourth quarter and fiscal 2023. It also provided guidance for the first quarter.
- Fourth-quarter sales increased 3% year-over-year to $6.9 billion and grew 2% organically
- Net income attributable to the company rose to $761 million in Q4 from $549 million last year
- At $1.10 per share, earnings from continuing operations were up 38% year-over-year
- There was a 9% annual increase in orders during the three months
- Net income from continuing operations came in at $549 million; adjusted net income from continuing operations was $719 million
- For the first quarter, the management expects organic revenue to be broadly flat year-over-year
- Adjusted segment EBITA margin is expected to be around 13% in Q1; the guidance for adjusted EPS is $0.48-$0.50
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Broadcom (AVGO) thrives on growing AI business. Is the stock a buy?
Broadcom, Inc. (NASDAQ: AVGO), a leading provider of semiconductor solutions for wired and wireless communications, recently impressed the market with upbeat financial outlook highlighting strong prospects for its AI business
After a weak first half, will NIKE (NKE) hit the recovery path this year?
After a prolonged slowdown, NIKE, Inc. (NYSE: NKE) is working on a turnaround plan to regain the brand’s strength. In recent years, the sneaker giant’s overall performance has not been
Lennar (LEN): Even the best-laid plans can go wrong
Shares of Lennar Corporation (NYSE: LEN) stayed green on Monday. The stock has dropped 25% over the past three months. The homebuilder delivered underwhelming results for the fourth quarter of
